From conceptualization to actual application, drone manufacturers have taken the theories of sci-fi movies and books and turned them into real-life applications, giving birth to the phenomenon of Unmanned Aerial Vehicles. Drone makers worldwide have been significantly influenced by the accelerated technological developments and advancements in the field of smart electronics.
Predicted to play significant roles in business, civic, and military affairs, drones are at the forefront of a smart-generation technological shift. They capture the fancy of many, from hobbyists to surveyors, tech leaders, tech-savvy enthusiasts, tech investors and business and decision leaders worldwide.
Drone stocks are massive opportunities for companies and investors alike. The commercial drone market is expected to skyrocket to $23 billion annually by 2022, up from just $6 billion right now.
In this article by Business Insider’s premium research service, Business Insider Intelligence has covered some of the most recognized and famed global drone makers. It includes both established and startup companies, giving you an all-inclusive overview of the diverse, trending, and explosive industry of Miniature Pilotless Aircrafts.
Below is a list of public and private companies that are the current biggest players in the drone industry.
List of Companies
Most of the top players in the drone industry are publicly traded companies, providing investors and hobbyists worldwide an early opportunity to dive into the rapidly budding mega-trend before the phenomenon reaches mass adoption. However, the biggest and the most recognized player in this industry is DJI Innovations, a privately held firm. Every drone enthusiast is waiting eagerly for the company to go public, and strong rumors of an IPO pop up every now and then.
The buzz around this industry regarding its impact and future prospects is what keeps the masses involved and waiting in anticipation to be able to get a slice of the pie.
DJI (Dajiang) Innovations (Privately held)
With its headquarters in Shenzhen, China, and offices in the U.S., Germany, the Netherlands, Japan, South Korea, Beijing, Shanghai, and Hong Kong, DJI Innovations is the current leading name in manufacturing civilian drones by capturing an approximately 70% share of the drone market.
Their Phantom series is popular worldwide amongst professionals and hobbyists for its wireless technology and services such as GPS First Person viewing.
Zero Zero Robotics‘ Hover Camera, the brand’s flagship flying camera launched in 2016 serves as a tough head-on competitor to the pocket sized drone debuted by DJI. DJI debuted the Spark, a mini drone that features all of DJI’s signature technologies, such as intelligent flight control options, a mechanical gimbal, video stabilization, and a camera with incredible image quality. These products have given DJI a deep global reach in the drone market.
AeroVironment is a world leader in the military drone space. It builds drones for video surveillance, as well as for tactical purposes. The company is now venturing into the commercial market with the announcement in 2016 that it would bring a new UAV called the Quantix to the market. The company is designing this drone for commercial applications in areas such as agriculture and the energy industry.
AeroVironment earned $264.1 million in revenue in fiscal 2016, up just 2% year-over-year, and expects revenue between $260 million and $280 million for fiscal 2017. AeroVironment is probably the purest play option for those looking to invest in drones as it is a profitable, small-cap company that has both military and civilian client. Furthermore, its Raven drone model is the most widely-used small-scale drone in the world.